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Old-school taxi firms under siege from agile new players

Founded only five years ago, Grab Taxi has already experimented with the driverless taxi - which could pull the rug from under traditional taxi firms that continue to ignore innovation.

IN the last few years, the arrival of private-hire cars such as Uber, Hitch, or Grab on the market has transformed the mindset of taxi drivers. Previously, they used to live comfortably, facing almost no competitors. As a result, there is little or no incentive for them to improve their service...